brinked - 5:27 pm on Jun 11, 2012 (gmt 0)
I pretty much figured there was a panda update in the process starting friday.
I did not see many websites fall in the serp's I monitor. I am seeing a lot of gains by sites that were already ranking, but now have a lot of sub pages ranking as well so I guess that in turn could be hurting a lot of other businesses since they are being pushed back.
This could be something unrelated to panda, but I did start noticing it on friday so that might be unlikely.